MTAR Technologies Limited — Major Shareholding Notification 2026

May 25, 2026

Nippon Life India Asset Management Ltd

NIMF/10/05/2026

May 25, 2026

National Stock Exchange of India Limited
Listing Department
Exchange Plaza,
Plot no. C/1, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051

Bombay Stock Exchange Limited
Corporate Service Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400 001

Sir / Madam,

Sub: Disclosure pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This is to inform you, that we have sold shares of “MTAR TECHNOLOGIES LIMITED” (on behalf of Nippon India Mutual Fund)

The requisite disclosure in terms of Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is attached herewith.

Kindly acknowledge the receipt hereof.

Yours truly,

For Nippon Life India Asset Management Limited

Authorised Signatory

C.C.
Company Secretary & Compliance Officer,
18, Technocrats Industrial Estate,
Balanagar, Hyderabad,
Telangana, 500037
Phone: 040-44553333
Fax: 080-28520201
Email: naina.singh@mtar.in ; info@mtar.in

KINCENTRIC
Best Employer
2016 | 2018 | 2019 | 2021 | 2022 | 2023
Nippon Life India Asset Management Limited
30th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel,
Mumbai - 400013, Maharashtra | CIN: L65910MH1995PLC220793
Tel: 022 6808 7000 | Fax: 022 6808 7097

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Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target Company (TC)	MTAR TECHNOLOGIES LIMITED
2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Nippon India Mutual Fund (through Nippon Life India Trustee Limited A/c)
Contact Address:
Nippon India Mutual Fund
30th Floor, One Lodha Place,
Senapati Bapat Marg,
Lower Parel, Mumbai – 400013.
Tel No. +91 22 6808 7000
Fax No. +91 22 6808 7097
3. Whether the acquirer belongs to Promoter/Promoter group	No
4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed	The National Stock Exchange of India Ltd,
BSE Limited
5. Details of the acquisition / disposal as follows	Number	% w. r. t. total share/ voting capital wherever applicable (*)	% w. r. t. total diluted share/ voting capital of the TC (**)
Before the Sale under consideration, holding of :
a) Shares carrying voting rights	15,43,686	5.0186	5.0186
b) Shares in the nature of encumbrance (pledge/ lien/non-disposal undertaking/ others)	-	-	-
c) Voting rights (VR) otherwise than by equity shares	-	-	-
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category)	-	-	-
Total (a+b+c+d)	15,43,686	5.0186	5.0186
Details of sale
a) Shares carrying voting rights acquired/sold	20,000	0.0650	0.0650
b) VRs acquired /sold otherwise than by shares	-	-	-
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold	-	-	-
d) Shares encumbered / invoked/released by the acquirer	-	-	-
Total (a+b+c+d)	20,000	0.0650	0.0650

8

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| After the acquisition/sale, holding of:
a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. | 15,23,686
-
-
- | 4.9535
-
-
- | 4.9535
-
-
- |
| --- | --- | --- | --- |
| Total (a+b+c+d) | 15,23,686 | 4.9535 | 4.9535 |
| 6. Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc) | Open Market | | |
| 7. Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable | Sale Transactions entered into during the period: From January 10, 2023 to May 21, 2026. | | |
| 8. Equity share capital / total voting capital of the TC before the said acquisition / sale | Rs. 30,75,95,910 /- (3,07,59,591 shares at the face value of Rs.10 per share) | | |
| 9. Equity share capital/ total voting capital of the TC after the said acquisition / sale | Rs. 30,75,95,910 /- (3,07,59,591 shares at the face value of Rs.10 per share) | | |
| 10.Total diluted share/voting capital of the TC after the said acquisition / sale | Rs. 30,75,95,910 /- (3,07,59,591 shares at the face value of Rs.10 per share) | | |

Signature of Authorized Signatory

Authorised Signatory

Place: Mumbai

Date: May 25, 2026